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A defaulter will now be able to take back her attached property or sell it to mobilise enough money to pay back the government or banks.
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Your CIBIL score is a three-digit number between 300 and 900 that reflects your credit history and behaviour.
Parappallil Thomas is the third farmer to kill self in Kerala in the past few weeks.
Depositors, who invested up to Rs 52 lakh in various projects of BDS including Malabar Meat, Wayanad Coffee and Kerala Chicken, were present at the gathering.
The dire financial situation could trigger serious economic repercussions, the Gulati Institute of Finance and Taxation (GIFT), an academic establishment run by the state government, has warned.
It is understood that the administration will be forced to take procedural action.
Earlier, the country had implemented a travel ban on expats having outstanding debts.
If violations are found, the cost along with interest, would be recovered from the officials.
The loan had been paid off through government assistance in 2010, but the bank withheld the documents.